610 North Spaulding Avenue

Los Angeles, CA 90036

$2,100,000
Price
6
Beds
5
Baths
3,738 Sq. Ft.
$562 / Sq. Ft.
3,738
Sq. Ft.
$562
per Sq. Ft.

Description

Positioned in the vibrant heart of the Fairfax district, 610 N Spaulding Ave transcends mere investment it serves as a gateway to Los Angeles' cultural epicenter. Its prime location offers a blend of excitement and convenience, with iconic landmarks like The Grove, Farmers Market, and Melrose Avenue, along with numerous eclectic boutiques, driving high tenant demand and premium rental rates. With an impressive Walk Score of 95, this property caters to modern lifestyle preferences, prioritizing convenience...Positioned in the vibrant heart of the Fairfax district, 610 N Spaulding Ave transcends mere investment it serves as a gateway to Los Angeles' cultural epicenter. Its prime location offers a blend of excitement and convenience, with iconic landmarks like The Grove, Farmers Market, and Melrose Avenue, along with numerous eclectic boutiques, driving high tenant demand and premium rental rates. With an impressive Walk Score of 95, this property caters to modern lifestyle preferences, prioritizing convenience and community engagement. Tenants enjoy the freedom to stroll to nearby attractions, enhancing tenant retention rates and property desirability for investors. Seize the opportunity to unlock hidden value and maximize returns by renovating units over time, elevating profitability and tapping into the ever-evolving rental market of Los Angeles. Reflecting the area's affluent demographic and strong purchasing power, the Fairfax district boasts a robust average household income of nearly 140K within a mile of the property, contributing to a favorable investment climate and sustained demand for quality rental accommodations. Overall, 610 N Spaulding Ave presents a compelling investment opportunity, characterized by long-term ownership, prime location, exceptional walkability, and promising upside potential through renovations, making it an attractive option for investors aiming to capitalize on the dynamic Los Angeles real estate market.
  1. Listed by Saadia 'Sam' Liberow • DRE #01933858 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 610 North Spaulding Avenue

Zoning
LARD1.5
Parcel Number
5527023016
Total Units
5.0
Living Area
3738
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
4119
Lot Size Area
6354

Location

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858
Add your commute
LISTING UPDATED: 03/30/2024 12:01 AM

Property Details for 610 North Spaulding Avenue

StatusActive
MLS #24-371815
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1939
Lot Size0.15 AC / 6,354 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858
Add your commute

Building Information for 610 North Spaulding Avenue

Stories2Residences-Year Built1939Building Size-Lot Size0.15 AC / 6,354 SF

Payment Calculator

$12,274 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,461

Property Taxes

$813

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 610 North Spaulding Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $134,385
  • Net Operating Income: $87,805.00
  • Gross Income: $133,185
  • Cap Rate: 4.18%
  • Gross Rent Multiplier: $15.29
  • Actual Annual Gross Rent: $137,304.00
  • Vacancy Allow Dollar: $4,119.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 46580
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1459
  • Lot Size Square Feet: 6354
  • Lot Size Dimensions: 50x127
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 5
  • Garage Spaces Total: 5
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-22-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,387.00
  • Unit Actual Rent: $2,387.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 610
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,989.00
  • Unit Actual Rent: $1,989.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 610
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,196.00
  • Unit Actual Rent: $2,196.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 612
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,075.00
  • Unit Actual Rent: $2,075.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 612
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,795.00
  • Unit Actual Rent: $2,795.00
  • Unit Projected Rent: $2,900.00
  • Like Units: 614
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $399,026.00
  • Assessed Improvement Percent: 54.17
  • Assessed Land Value: $337,637.00
  • Assessed Land Percent: 45.83
  • Assessed Total Value: $736,663.00

Property History for 610 North Spaulding Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 610 North Spaulding Avenue

Taxable ValueLand$337,637Additions$399,026Total$736,663
Tax Record2023$9,756 ($813 / month)
Home Facts
Total Finished SqFt3,738 SqFtAbove Grade Finished SqFt3,738 SqFtLot Size6,354 SqFtStyleMulti-Family Res (5+ Units)Year Built1939ZoningLARD1.5CountyLOS ANGELESAPN5527-023-016

Schools near 610 North Spaulding Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Laurel Elementary School
PublicK to 8

Fairfax Senior High School
Public9 to 12

Whitman Continuation School
Public9 to 12

West Hollywood Opportunity School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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610 North Spaulding Avenue is a multi-family home for sale in Los Angeles, CA 90036. This property was listed for sale on March 22, 2024 by Marcus & Millichap, it's currently listed at $2,100,000. It has been on the market for a total of 42 days and was last sold on June 16, 1998. This listing's school district is Los Angeles Unified School District. Nearby schools include Laurel Elementary School, Fairfax Senior High School and Whitman Continuation School. 610 North Spaulding Avenue is a 6-bed, 5-bath, 3,738 sqft multi-family home built in 1939.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Saadia 'Sam' Liberow, DRE #01933858

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.